The Economics of a Solar Electric System in Palm Springs, CA

If you are trying to save on your electric bill every month, you have two options. You can find a less expensive source of electricity, or you can use less electricity. In all honesty, both are great options and you should probably do both. The best way to do so is with a combination of a solar electric system and some cost-saving measures. A solar system is an investment in the future of your home that will pay dividends.

The Cost of the System

Figuring out the economics of the situation is pretty simple. You need to compare the money you will save to the price of the solar electric system in Palm Springs, CA. There are many different types of systems and many different savings you can reap. For example, the federal government as well as the state of California often offer different types of subsidies and tax credits for those who convert to solar energy. Such a switch will save you a considerable amount of money on your taxes.

You should do everything you can to get more information to better understand your solar options. You also need to figure out the cost you are paying right now to know how much you’ll save.

Calculating Savings

Calculating your savings is difficult if you don’t know how much you’re spending right now. You should keep track of the actual price per kilowatt-hour to know how much you are spending on your electricity. You will then be able to research the kilowatt-hours created by the solar electric system you are considering. Once you’ve done those two things, you’ll have the total amount of money you stand to save.

The money you will save is the price you are paying now, minus the number of kilowatt-hours produced by the solar system you are considering. You’ll know then how long it will take to pay off your solar electric system.

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